You’ve got your extra 10%
March 2, 2022 Leave a comment
For those reading/watching my selected stock calls, if you’ve ‘squeezed out’ an extra 10% since I wrote this, Woodside Energy is close to the notable $30.85 resistance.
March 2, 2022
Trying to hear what's not being said
March 2, 2022 Leave a comment
For those reading/watching my selected stock calls, if you’ve ‘squeezed out’ an extra 10% since I wrote this, Woodside Energy is close to the notable $30.85 resistance.
March 2, 2022
July 2, 2021 Leave a comment
Here’s the current Woodside Energy (WPL.AX) technical picture.
You can see the trend lines squeezing into a triangle which bodes a break either way……
but to rise further, WPL needs to make a higher high (than the recent peak) and NOT make a lower low (than the recent trough)…….otherwise the price travels deeper into the triangle
….awaiting a more acute moment.
Let’s see how this picture evolves.
July 2, 2021
by Rob Zdravevski
rob@karriasset.com.au
May 31, 2021 Leave a comment
The ‘de-correlation’ and anomaly of the Woodside Energy (WPL.AX) share price.
May 31, 2021
by Rob Zdravevski
rob@karriasset.com.au
April 28, 2021 Leave a comment
I am seeing similar chart patterns mimicked in many global Oil & Gas equities.
Below is some commentary around Woodside Energy’s (WPL.AX) price action.
WPL’s failure to hold $24 wasn’t good although holding a $22.30 support deemed to be important. Today, the stock is challenging a downward sloping resistance line and needs to break and close above $23.35 in order to increase probability of a visit back to $24 and above. Failing to break $23.35 means the 50 day moving average crosses below its 100 day moving average and likely heralds in a new short term bear trend with a break below $22 suggests a visit to $19.
This all coincides with the acute point where Brent Crude is trading. Brent is edging towards a new bullish move and needs to trade above $67.50 to add to this case however a break below $64.50 negates such a move.
April 28, 2021
by Rob Zdravevski
rob@karriasset.com.au